memphis
Posts: 74 since May 2016
Thanks Given: 110
Thanks Received: 15
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Call or Put trade/position
EXAMPLE:
If I'm Long a Call , and am in the Plus by $10,000 ..... can i put a Stop-Loss on the trade to Automatically get me out of the trade, if my $10,000 profit on the trade, turns to ( drops ) to say $8,000 profit ( so I've lost $2,000 on the trade ) ?
Can you place a stop-loss directly on the Options trade itself , or do you have to Monitor the trade Daily , and get out of the trade manually at a $2,000 loss ?
Thanks for the help, much appreciated
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